Waterway Corporation is authorized to issue 1,000,000 shares of $1 par value common stock. During 2020, the company has the following stock transactions.

Jan. 15		Issued 455,000 shares of stock at $6 per share.
Sept. 5		Purchased 42,000 shares of treasury stock at $8 per share.

Journalize the transactions for Waterway Corporation. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)